Diamond drilling on Cow Mountain at the Barkerville Gold Mines Cariboo Gold Project in east-central British Columbia. Photo courtesy Barkerville Gold Mines Ltd.Barkerville Gold Mines Ltd. [BGM-TSXV; BGMZF-OTC; IWUB-FSE] on Wednesday February 20 reported final 2018 drilling results from the Island Mountain exploration and category conversion program at the company's Cariboo Gold Project in central...Read More
A miner operates his scoop tram at the Barrick Gold/Acacia Mining Bulyanhulu gold mine in Tanzania. Source: Acacia Mining plc.Barrick Gold Corp. [ABX-TSX, GOLD-NYSE] said Wednesday February 20 that it has arrived at a proposal to resolve majority-owned Acacia Mining PLC's [ACA-LSE] prolonged royalty and tax disputes with the government of Tanzania.It will involve a US$300 million payment to Tanzan...Read More
* Copper stocks near 10-year lows * Demand in China tends to pick up in second quarter * GRAPHIC-2019 asset returns: (Updates with closing prices, Chalco)By Pratima DesaiLONDON, Feb 20 (Reuters) - Copper prices hit a seven monthpeak on Wednesday as the market worried about low stocks aheadof seasonally strong demand in top consumer China, while risinghopes of an end to the U.S.-China trade dispute...Read More
*See press release dated November 13 2018 and see note 16 for ZnEq calculationNotes Regarding Mineral Resource Estimate:Mineral resources are estimated in conformance with the CIM Mineral Resource definitions referred to in NI 43-101 Standards of Disclosure for Mineral Projects. This mineral resource estimate covers the Gilmour South Deposit, and the Key Anacon deposit's Main Zone and Titan Zone....Read More
Keynote Speaker Marie InksterWomen in Mining Canada (WIMC) is both honoured and delighted to announce Marie Inkster, President, CEO & Director of Lundin Mining as the keynote speaker for The Mining for Diversity Reception on Tuesday March 5, 2019 from 4pm to 6pm, as part of this year's PDAC Convention.The event, part networking-cocktail and part award ceremony, has grown to be a major event...Read More
A blockchain pilot project designed to demonstrate the presence of artisanal and small-scale mining (ASM) sites in the tungsten supply chain is scheduled to be completed in May 2019.The SustainBlock trial started in May 2018 and is focused on a tungsten supply chain originating from Rwanda.Funded by the European Partnership for Responsible Minerals (EPRM), a multi-stakeholder grouping set up to cr...Read More
The Comex copper market continued to move in a positive direction on Wednesday February 20, with global trade talks between the United States and China showing progress.The copper price for March settlement on the Comex division of the New York Mercantile Exchange increased 2.25 cents to $2.8970 per lb. Additionally, the red metal's price remains elevated against a backdrop of falling London....Read More
The three-month base metals prices traded on the London Metal Exchange were stronger across the board with gains averaging 0.3% on the morning of Wednesday February 20, compared with Tuesday's closing levels.Copper has generally led the move higher in recent days with prices reaching a high of $6,350.50 per tonne this morning, which has taken it well into the resistance area on the chart that lies...Read More
Sometimes things just fall into place.Many of my veteran readers can remember the 1973 oil crisis.I'll bet a few of you even remember the odd-even rationing strategy that the government employed to combat the gasoline shortages that resulted from the oil embargo placed on us by OPEC.The idea was simple.Depending on whether the last digit on your license plate was an odd or even number, you were al...Read More
Scott Williamson, Managing Director of Blackstone Minerals (ASX:BSX), outlines the Company's world class Little Gem Cobalt Gold property in British Columbia, Canada, and provides an overview of Blackstone's Australian Gold properties. Blackstone has a proven management team that is ready and equipped to move this very high-grade project forward. It operates in safe, mining-friendly jurisdictions....Read More
Trader-miner Glencore expects healthy future demand for cobalt and a bottoming out of prices after a difficult second half of 2018, its senior executives said on Wednesday February 20 during its full-year results announcement. Glencore's adjusted earnings before interest and tax (Ebit) came to $2.5 billion in its marketing business for the full-year 2018, down 17% year on year. The company attribu...Read More
We have just published our second edition of Canadian Insider Insights, a newsletter exclusively for CanadianInsider.com users. This publication seeks to provide a quick read on what insiders are telling us about the outlook for the Canadian market. Commentary draws heavily from our institutional Market INK report to bring you distinct, independent insight you will not find anywhere else. INK's...Read More
Domestic prices for hot-rolled coil (HRC) in Southern Europe have increased over the past week, supported by higher import offers, sources told Fastmarkets on Wednesday February 20.In Northern Europe, domestic prices picked up slightly, but buyers largely resisted the rises. This region's steel sector has traditionally been less exposed to the influence of imports and more focused on its domestic...Read More
Canada's Barrick Gold (TSX:ABX) (NYSE:GOLD) and Tanzania have arrived at a plan to settle disputes between the miner's 63.9%-owned Acacia Mining (LON:ACA) and the country's government, which includes a $300 million payment to resolve tax claims in the East African nation.Among the proposals put forward, Barrick offered to create a local operating company in Tanzania and share economic benefits fro...Read More
The Wednesday Market Minute Global stocks edge higher on increasing trade deal optimism after President Donald Trump says March 1 deadline not a "magical" date in U.S.-China talks.Gains capped ahead of Fed minutes as investors seek confirmation of central bank's neutral stance on rates amid slowing economic data at home and abroad.Global oil prices little-changed ahead of API data later tod...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia increased over the past week, but buying activity remained limited.Deals were scarce because market participants were waiting to see if the price increases will be permanent, sources told Fastmarkets on Tuesday February 12.The buyers wanted to see if the price increases will be permanent, because raw material prices ha...Read More
Export prices for Chinese hot-rolled coil edged up further on Wednesday February 20, with exporters insisting on high offers amid expectations that the domestic market - though it weakened during the day - would pick up due to rising costs upstream.DomesticEastern China (Shanghai): 3,720-3,750 yuan ($550-554) per tonne, down 30 yuan per tonneNorthern China (Tianjin): 3,670-3,700 yuan per tonne, do...Read More
Wire rod prices in the United States have decreased due to slower market activity while import pricing remains firm due to a lack of fresh offers, market sources said.Fastmarkets' assessment for industrial quality low-carbon rod was $38.25-40 per hundredweight ($765-800 per short ton) fob mill on Tuesday February 19, down from $39.25-41.25 per cwt previously. Prior to the latest drop, wire rod pri...Read More
Slight price increases have begun to emerge for domestic hollow steel sections in Europe as a result of increases in the upstream steel coil market. ArcelorMittal, the world's largest steelmaker, announced on Tuesday February 19 that its prices for hot-rolled coil, cold-rolled coil and hot-dipped galvanized coil would increase by ?,?30 per tonne with immediate effect. The producer's higher HRC off...Read More
Steel beam prices in the domestic Northern European market were stable-to-soft this week, with poor demand continuing to outweigh rising raw material costs, Fastmarkets heard on Wednesday February 20.Fastmarkets' weekly price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe was ?,?600-630 ($679-713) per tonne delivered on February 20, widening downward by ?,?10 p...Read More